IDB Invest - Chief Products Officer
Washington D.C.
IDB Invest
IDB Invest is an international financial institution and the private sector arm of the IDB Group that aims to solve development needs in Latin America and the Caribbean. Our mission is to support sustainable enterprises and projects that achieve financial results while maximizing regional social and environmental development. IDB Invest operates in 26 countries grouped into four regions and three industries (Infrastructure and Energy, Financial Intermediaries, and Corporates).
IDB Invest's shareholders recently approved a $3.5 billion capitalization to support a transformative business model, \"Originate to Share,\" to attract greater private investment that drives development and climate impact in Latin America and the Caribbean. This will enable IDB Invest to nearly double its annual regional investments from approximately $8 billion to $19 billion.
IDB Invest has reorganized its structure to implement this new business model, creating the Financial Solutions, Mobilization, and Asset Sharing (FSM) Department. This department will support the industries and regions department in structuring transactions, mobilizing assets for investors, and managing the equity business.
About this position
We seek a dynamic and experienced Executive to join as Chief Products Officer.
The candidate should be an experienced banker with significant expertise in financial solutions including, but not limited to, short-term and long-term credit, equity investment, capital markets, mobilization and blended finance, and strong relationships with regional and non-regional investors.
As Chief Products Officer, you will be responsible for developing financial solutions and the connection with capital markets.
The Chief Products Officer will report directly to the CEO of IDB Invest, be a member of the Senior Management Team, and oversee a team of five leaders: the Managing Directors of Mobilization and Asset Sharing, Equity Investment, Capital Markets, Trade and Supply Finance, and Blended Finance, guiding them in delivering the IDB Invest mandate.
Main Responsibilities:
Develop the IDB Invest business plan with the senior management team and ensure its alignment with IDB Group priorities. Provide guidance and oversight to the five Managing Directors, supporting their strategic, tactical, and operational responsibilities. Ensure financial products are designed for scalability and replicability, facilitating broader implementation across regions and sectors. Manage the mobilization opportunities with international investors. Manage the Equity Investment and Short-term business. Manage fundraising and third-party funds to support the delivery of blended finance and advisory services. Support the Delivery Units (organized teams by industries and regions responsible for originating, structuring, and supervising transactions). Define product and pricing strategies. Identify, promote, and execute synergies with IDB and IDB Lab. Manage resources for the Industries Department, including operational, human, capital, and budgetary resources.Requirements
At least 15 years of relevant experience as a banker with a proven business track record. Expert in equity investment, mobilization, credit products, and blended finance. Strong market and international investor relationships. Master’s degree (or equivalent advanced degree) in Economics, Finance, Business Administration, Law, Engineering, or another relevant field. Proficiency in English and one of the other Bank’s official languages (Spanish, French, or Portuguese) is required. There are no citizenship requirements. Consanguinity: No family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.What we offer
Our institution is committed to offering a competitive remuneration package that reflects the value and expertise of our candidates. This comprehensive package includes attractive cash compensation, performance-based variable pay, robust insurance coverage, and a pension plan. We believe in rewarding talent and ensuring our employees feel valued and supported in all aspects of their professional journey.
We offer an international staff contract, initially 36 months, renewable upon mutual agreement.
Our culture
At IDB Group, we work so that everyone brings their best and most authentic selves to work, is willing to try new approaches without fear, and is accountable and rewarded for their actions. Diversity, Equity, Inclusion, and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided with reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request a reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
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External Opening Date: Oct 15, 2024 External Closing Date: Nov 5, 2024 External Contact Email: hrsc@iadb.org External Contact Name: HR Service Center Job Field: MGT Executive